Russian Roulette – Impacts for BP and Rosneft of continuing international sanctions

Publication date: 18th January 2016

US and European sanctions against certain Russian industries and individuals in response to the Ukraine crisis have now been in place for twenty months. The sanctions prohibit IOCs from providing services, goods, or technology to frontier oil projects in Russia. They also restrict financing for a set of Russian companies, including Rosneft and Gazprom.

This briefing lays out the implications of IOCs (particularly BP) of the continued sanctions regime, recent political developments and changes to Rosneft’s board.